Western Asset Bond ETF (NASDAQ:WABF) Short Interest Update

Western Asset Bond ETF (NASDAQ:WABF) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 28,300 shares, a growth of 272.4% from the November 30th total of 7,600 shares. Based on an average daily volume of 4,300 shares, the days-to-cover ratio is currently 6.6 days.

Institutional Investors Weigh In On Western Asset Bond ETF

An institutional investor recently raised its position in Western Asset Bond ETF stock. Franklin Resources Inc. increased its stake in Western Asset Bond ETF (NASDAQ:WABF) by 55.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 700,000 shares of the company’s stock after purchasing an additional 250,000 shares during the period. Franklin Resources Inc. owned 43.75% of Western Asset Bond ETF worth $18,106,000 as of its most recent filing with the Securities & Exchange Commission.

Western Asset Bond ETF Price Performance

Western Asset Bond ETF stock opened at $24.82 on Friday. Western Asset Bond ETF has a 1-year low of $24.78 and a 1-year high of $26.64. The business has a fifty day moving average price of $25.42 and a 200-day moving average price of $25.76.

Western Asset Bond ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, December 18th. Shareholders of record on Friday, December 13th were issued a $0.3373 dividend. The ex-dividend date was Friday, December 13th.

About Western Asset Bond ETF

The Western Asset Bond ETF (WABF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a portfolio comprised of USD-denominated debt instruments and fixed income securities of various maturities, with limited exposure to high yield, emerging market debts, and structured securities.